Sharp ‘decline’ in new building projects prompts calls for further investment into social housing

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Ten consecutive interest rate rises mean new building approvals are dropping, and there is an “even greater decline in sales”, says Master Builders Association Chief Executive Denita Wawn.

“All of our forecasts are showing that we’ll have a dramatic downturn in

private building activity next year,” Ms Wawn told Sky News host Chris Kenny.

 

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Does a recession ring any bells its on its way

Labor has abandoned the field on productivity, economic growth, inflation & rates. Inflation at 7.4% & discretionary spending up in January. RBA doing its job with the only lever it has… govt is doing nothing.

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